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Alternative Financial Services: Essential for Financial Inclusion and Opening Doors to Traditional Financial Services
Research

Alternative Financial Services: Essential for Financial Inclusion and Opening Doors to Traditional Financial Services

Alternative Financial Services (AFS) takes advantage of technology-enabled online communities and lending platforms, such as person-to-person (P2P) lending, mobile micro-finance, and crowdfunding, bringing entirely new sources of capital to traditionally underserved populations. * In 2020, the alternative financial industry facilitated USD 114 billion in transaction volume globally. * According to the World
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